Is Greater Fifth Ward, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greater Fifth Ward is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Greater Fifth Ward has remained a Buyer's Market.

Key Takeaway

Greater Fifth Ward is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Greater Fifth Ward, TX

How much do homes in Greater Fifth Ward, TX cost?

Median Sold Price

$329,000

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$17,000(-4.9%)

Key Takeaway

Homes in Greater Fifth Ward have sold for 4.9% less than they did a year ago.

Summary: The median home sold price in Greater Fifth Ward was $329,000 in November 2024, down 4.9% from last year, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $307.4K-
N/A
2 $123.7K$186.5K
+50.7%
3 $365K$348.5K
-4.5%
4 $232K$277.5K
+19.6%
5+ $362.5K$310K
-14.5%

Summary: Greater Fifth Ward housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 50.7%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes decreased by 14.5%.

Median Sold Price Compared To Nearby Neighborhoods

Second Ward
0.5%
Near Northside
-0.9%
Greater Fifth Ward
-4.9%
Downtown
-10.1%

Housing Supply in Greater Fifth Ward, TX

How many homes are available in Greater Fifth Ward, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
157183+16.6%

Summary: The Greater Fifth Ward real estate market had 183 homes for sale in November 2024, a 16.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 3240
+25.0%
3 112128
+14.3%
4 89
+12.5%
5+ 23
+50.0%

Summary: The Greater Fifth Ward housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1314+7.7%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greater Fifth Ward, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Greater Fifth Ward in November 2024, up by 7.7% month-over-month. Of the 14 sold homes, 57% were sold under asking, 21% were sold at asking, and 21% were sold over asking.

Days on Market for Greater Fifth Ward, TX

How long does it take to sell a home in Greater Fifth Ward, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
47 Days49 Days+2.8%

Summary: Homes in Greater Fifth Ward had an average of 49 days on market in Nov 2024, up by 2.8% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Greater Fifth Ward are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 14 homes were sold in Greater Fifth Ward; 50% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Greater Fifth Ward, TX

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